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India’s policy change on pea imports impacts Myanmar

Severe restrictions announced recently by India limiting the amount of pea products from Myanmar has quickly and adversely affected the local pulses market, officials said yesterday. On Monday, India capped imports of mung beans and green mung beans (pigeon peas) at only 300,000 tons, after the prices of the pulses plummeted due to record production. […]

Mandalay commodity traders pessimistic of 10 % deposit

Mandalay Commodity Depot Society has introduced a 10 per cent deposit system to prevent cheating, said an executive committee member recently. The new system that requires the advanced payment of 10 per cent of the transaction price was instituted on 1st November. But some society members expressed concerns about its effectiveness and about the lack […]